| Date on which the corporate action was made public: July 14, 2016 |
| Reverse split ratio: 5 shares of a par value of USD 0.01 will each become 1 share of a par value of USD 0.05 |
| Last day including right: July 29, 2016 |
| Ex-date: August 1, 2016 |
| Record date: August 2, 2016 |
| Date of approval: July 14, 2016 |
| This information is published in accordance with the requirements of the Continuing Obligations and applies to shares listed on Oslo Stock Exchange. |
July 14, 2016
Hamilton, Bermuda
Golden Ocean Group Limited
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.